Insys files for bankruptcy, overcome by opioid liabilities

INSYS THERAPEUTICS Inc. filed for bankruptcy after agreeing to pay hundreds of millions of dollars to settle a probe by United States prosecutors related to the promotion of its highly addictive opioid painkiller Subsys. The company is also being sued by many U.S. state attorneys general, including in Rhode Island. / BLOOMBERG NEWS FILE PHOTO/ANDREY RUDAKOV
NEW YORK – Insys Therapeutics Inc. filed for bankruptcy protection after agreeing to pay hundreds of millions of dollars to settle a related probe by United States prosecutors over the promotion of its highly addictive opioid painkiller. Court papers filed Monday in Delaware by the drugmaker, whose former executives were convicted of bribing doctors, listed…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -